GO Bond B 2020

  (NOTE: the ex-librarian in me made me inform you of this election issue)

This November 3rd election, New Mexico citizens will vote on General Obligation Bond Issue B, which if passed, will provide publicly funded New Mexico libraries with a total of $9,500,000.00.

This GO Bond will provide $3,000,000 each for Higher Education libraries, Public libraries and Public School libraries. It will provide $500,000 for NM Tribal libraries.

The funds are allocated to libraries by the population served. Allocation is based on 4.5.8 NMAC Distribution of Funds. (NMAC stands for New Mexico Administrative Code -similar to  our NM State Statutes) The population served is data collected from the 2018 Estimated Census information for Counties and 2010 U.S. Census for the libraries' Legal Service Areas. (AH-HA - yet another reason to have fill out your 2020 Census)

Carrizozo Library population served is 996 people, so their fund allocation is $4,377.28

Capitan Library serves 1,489 people, so their fund allocation is $7,301.11

Corona  Library serves 172 people, so their fund allocation is $4,202.19.

Ruidoso Library serves 8,029 people, so their fund allocation is $22,689.81

To clarify:  In the equation of the distribution all libraries get $3797.47. Then they get a portion of the fund based on population.

2020 Library GO Bonds will Cost Homeowners only $0.54 per $100,000 of Value per Year

(Source: www.nmbondsforlibraries.org)

 

What Bond Money can be used for:   for library acquisitions at public libraries, public school libraries, academic libraries and tribal libraries statewide: Cultural Affairs Department: $3 million for equipment, library furniture, fixtures and supplemental library resource acquisitions, including print, non-print and electronic resources, collaborative library resources and information technology projects, and for the purchase and installation of broadband internet equipment and infrastructure at non-tribal public libraries statewide; and $500 thousand for equipment, library furniture, fixtures and supplemental library resource acquisitions, including print, non-print and electronic resources, collaborative library resources and information technology projects, and for the purchase and installation of broadband internet equipment and infrastructure at tribal libraries statewide.

Higher Education Department: $3 million for supplemental library resource acquisitions, including books, equipment, electronic resources and collaborative library resources and information technology projects, for academic libraries statewide.

Public Education Department:$3 million for equipment and supplemental library resource acquisitions, including print, non-print and electronic resources, at public school libraries statewide. 

 

(Source:  https://www.sos.state.nm.us/wp-content/uploads/2020/09/2020-Voter-Guide-English-FINAL.pdf)